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High Profile 21,711 SF Building 250 Portage Ave 21,711 SF Retail Building Winnipeg, MB R3C 0B1 $1,250,000 CAD ($57.57 CAD/SF)

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EXECUTIVE SUMMARY

Property is being offered at a substantially low basis and significantly below the average cost per square foot for the downtown Winnipeg market.

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,711 SF
Building Class
B
Year Built
1965
Price
$1,250,000 CAD
Price Per SF
$57.57 CAD
Tenancy
Multiple
Building Height
3 Stories
Zoning
M - General Multiple Use HiRise construction permitted
Parking
381 Spaces (17.55 Spaces per 1,000 SF Leased)
Frontage
42’ on Portage Avenue

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • lower level
  • 5,855 SF
  • Office/Retail
  • -
  • Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

  • upper level
  • 7,237 SF
  • Office/Retail
  • -
  • Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

  • main level
  • 7,237 SF
  • Office/Retail
  • -
  • Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

Space Size Space Use Position Available
lower level 5,855 SF Office/Retail - Now
upper level 7,237 SF Office/Retail - Now
main level 7,237 SF Office/Retail - Now

lower level

Size
5,855 SF
Space Use
Office/Retail
Position
-
Available
Now

upper level

Size
7,237 SF
Space Use
Office/Retail
Position
-
Available
Now

main level

Size
7,237 SF
Space Use
Office/Retail
Position
-
Available
Now

lower level

Size 5,855 SF
Space Use Office/Retail
Position -
Available Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

upper level

Size 7,237 SF
Space Use Office/Retail
Position -
Available Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

main level

Size 7,237 SF
Space Use Office/Retail
Position -
Available Now

• Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial visibility, and the ability to obtain building naming rights; Constructed for a financial institution, it was designed by Green Blankstein Russell Architects with 20’+ ceiling height on the main level, second-floor offices over-looking Portage and a fully-functioning lower-level with a Bank Vault. Natural light is abundant due to 3 walls of vertical windows Excellent exposure for signage and branding along Portage Avenue which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis • The asset’s prominent position provides easy walking access to The Forks, Portage & Main, BellMTS Place, the RBC Convention Centre, the University of Winnipeg, and the Red River College downtown campus in Winnipeg’s historic Exchange District. The existing structure is suitable for reconfiguration, uses an open concept layout, floor to ceiling windows, and building design that includes mezzanine potential • Suitable for Medical, Research, IT, Boutique Hotel, Retail, Commercial & Residential Condominium development, etc; • Ample Parking around the building. Rear exit of the building opens into the Parkade next door, a huge ease & comfort factor in the winter • The property is available well below the replacement cost (rising significantly with current market situations), for the construction of same design & quality building; excluding the significant land cost

Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (77)
Bike Score®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

GoodLife Fitness
Tim Hortons
Starbucks
TD Bank
RBC Royal Bank
Scotiabank
CIBC
Earls
freshii
Browns Socialhouse
  • Listing ID: 38761808

  • Date on Market: 2025-12-12

  • Last Updated:

  • Address: 250 Portage Ave, Winnipeg, MB R3C 0B1

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